Simmons First National (NASDAQ:SFNC) Shares Gap Down to $18.81

Simmons First National Co. (NASDAQ:SFNC)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $18.81, but opened at $18.00. Simmons First National shares last traded at $18.35, with a volume of 23,561 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SFNC shares. StockNews.com cut shares of Simmons First National from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Robert W. Baird boosted their price target on shares of Simmons First National from $20.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday, January 25th.

Simmons First National Stock Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.77 and a quick ratio of 0.77. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 13.63 and a beta of 0.87. The stock has a 50-day moving average price of $18.79 and a 200 day moving average price of $17.98.

Simmons First National (NASDAQ:SFNC) last announced its earnings results on Wednesday, January 24th. The bank reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $197.80 million for the quarter, compared to the consensus estimate of $204.25 million. Simmons First National had a net margin of 12.82% and a return on equity of 6.19%. The business’s quarterly revenue was down 15.3% on a year-over-year basis. During the same period last year, the company posted $0.64 EPS. As a group, analysts anticipate that Simmons First National Co. will post 1.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Simmons First National

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC bought a new position in Simmons First National during the 4th quarter worth about $29,000. Briaud Financial Planning Inc bought a new position in shares of Simmons First National during the third quarter worth about $81,000. TFO Wealth Partners LLC raised its position in Simmons First National by 250,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 10,010 shares of the bank’s stock valued at $199,000 after buying an additional 10,006 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Simmons First National by 1,314.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 12,875 shares of the bank’s stock valued at $218,000 after acquiring an additional 11,965 shares in the last quarter. Finally, QRG Capital Management Inc. acquired a new position in Simmons First National during the 3rd quarter worth approximately $219,000. 27.58% of the stock is currently owned by institutional investors and hedge funds.

About Simmons First National

Simmons First National Corporation operates as the holding company for Simmons Bank that provides banking and other financial products and services to individuals and businesses. The company offers checking, savings, and time deposits; consumer, real estate, and commercial loans; agricultural finance, equipment, and small business administration lending; trust and fiduciary services; credit cards; investment management products; treasury management; insurance products; and securities and investment services.